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Home sales are down. So why are prices at an all-time high?

July 26, 2025 59

The housing market has fizzled so far this year, as many would-be buyers are deterred by high prices and elevated mortgage rates.

Those with equity in a home can trade up more easily, while many first-time homebuyers are still stuck on the sidelines.

(Image credit: Justin Sullivan)

Written by: Prometheus

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